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Dec 5, 2012
12/12
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kansas city southern should benefit from the auto rebuild that's needed in the wake of hurricane sandy. can't get this stuff to america fast enough. united states fast enough. thanks to the strength of the economy, the increasing volumes with declining costs. the gross margins are expanding, how much do we love that in a rail? however, only affects about 18% of kansas city southern's revenues. they do have some coal exposure, something that's crushed a great many railroads, we know that because we have backed away because of the coal. but they have something the other railroads don't have, consistently high growth, not that low single digit stuff and not susceptible to the cyclical nature of coal or the ongoing war between natural gas and coal in the fight to be fuel for american utilities. and that's why i'm naming it my new favorite railroad. even over and above union pacific, which is always been my favorite. don't get mad at me, union pacific. i used a great union pacific calendar, but it's december. that one's off the wall. anyway -- kansas city southern also saw some exposure to
kansas city southern should benefit from the auto rebuild that's needed in the wake of hurricane sandy. can't get this stuff to america fast enough. united states fast enough. thanks to the strength of the economy, the increasing volumes with declining costs. the gross margins are expanding, how much do we love that in a rail? however, only affects about 18% of kansas city southern's revenues. they do have some coal exposure, something that's crushed a great many railroads, we know that because...
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Dec 5, 2012
12/12
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the blame goes to superstorm sandy. goldman says the party is officially over for gold. >> starbucks at an investors conference will add 1,500 stores in the u.s. over the next five years. wait until you hear what they said about china. >> a big day in media. pandora ceo joins us live later this morning as the stock fell nearly 20% on weak guidance and netflix signs a big exclusive with disney. how much are they having to pay up for that? >>> let's deal with this big deal. as i've been telling you we'll see a lot of big deals -- i was wrong. here we are. freeport mcmoran buying not one but two companies. the combined price if you add it all together gets close to $20 billion. that does include debt. let's go through some of the details. it's somewhat complex. let's start with bigger of the two deals. freeport's purchase of plains. approximately $6.9 billion in total now. it's a cash and stock deal. .6531 shares and 39 bucks a share in cash. that adds up to $50 a share. that's a fairly significant premium when we look at
the blame goes to superstorm sandy. goldman says the party is officially over for gold. >> starbucks at an investors conference will add 1,500 stores in the u.s. over the next five years. wait until you hear what they said about china. >> a big day in media. pandora ceo joins us live later this morning as the stock fell nearly 20% on weak guidance and netflix signs a big exclusive with disney. how much are they having to pay up for that? >>> let's deal with this big deal....
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Dec 5, 2012
12/12
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it, too, is likely to reflect temporary effects related to the aftermath of hurricane sandy. >> we're looking for only a 50,000 gain in jobs in november, well under that 170,000 average we've seen over the past three months. >> reporter: hurricane sandy's effects on hiring may be short- lived, but experts worry fiscal cliff concerns could result in a new storm brewing for workers looking to land a job in the coming weeks. suzanne pratt, "n.b.r.," new york. >> tom: citi and the financials lead the way higher on wall street, helping the dow top 13,000 again.at but a big drop in apple shares kept the nasdaq fromains.. by the closing bell, the dow was up 82 points, the nasdaq down 23, the s&p added two points. >> susie: investors were also encouraged by news that american workers were very productive this past summer, and that's good news for company profits. productivity increased at its fastest pace in two years, at an annual rate of 2.9% from july through september. that number blows away the initial estimate of 1.9%. erika miller takes a closer look at how technology is helping to boo
it, too, is likely to reflect temporary effects related to the aftermath of hurricane sandy. >> we're looking for only a 50,000 gain in jobs in november, well under that 170,000 average we've seen over the past three months. >> reporter: hurricane sandy's effects on hiring may be short- lived, but experts worry fiscal cliff concerns could result in a new storm brewing for workers looking to land a job in the coming weeks. suzanne pratt, "n.b.r.," new york. >> tom:...
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Dec 6, 2012
12/12
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KRCB
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two of them released their estimates of how much hurricane sandy will cost them. travelers figures the storm will cost it $650 million. hartford pegged its storm losses as high as $350 million. analysts say the companies can absorb the impact. both stocks were higher. travelers rallied 4.9%, closing less than one dollar away from a new 52-week high. hartford added 2.9%. drug giant pfizer had encouraging news on an experimental breast cancer drug. with up to $6 billion in potential global sales, the stock rallied. shares jumped 1.9% on heavier than usual volume. while the breast cancer drug tests were positive, any regulatory approval wouldn't happen for at least a couple of years. three of the five most actively traded exchange traded products were up. the financial e.t.f. had the best gains, up 1.2%. and that's tonight's "market focus." >> susie: a tough day for investors in freeport mcmoran. the stock plunged 16% on news that the mining company is buying two oil and gas producers. it's paying $9 billion for plains exploration and production company and mcmoran e
two of them released their estimates of how much hurricane sandy will cost them. travelers figures the storm will cost it $650 million. hartford pegged its storm losses as high as $350 million. analysts say the companies can absorb the impact. both stocks were higher. travelers rallied 4.9%, closing less than one dollar away from a new 52-week high. hartford added 2.9%. drug giant pfizer had encouraging news on an experimental breast cancer drug. with up to $6 billion in potential global sales,...
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Dec 3, 2012
12/12
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CNBC
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start first with the impact of sandy. is there one specific automaker that you think will benefit more from the impact of sandy as dealers have to reorder new cars? >> historically, actually trucks do better. they do better because you've got dealers taking care of inventory and you also have people going out that are in the business of basically doing work with trucks and they'll use this as an excuse to get it. you're looking probably at ford and gm on the truck side taking a lot. gm needs that upswing in trucks lig right now. >> how does this get counted as sales? customers may not have the cars yet but dealers are ordering the cars to try an make up for lost inventory. is that correct? >> basically, yeah. the minute the car or truck gets put on the haul-away, whether a rail head or a truck, that's when it transfers to the dealer. when you get down to it, the car companies don't sell cars to customers. their customer is the dealer and the dealer resells them. when you see sales you aren't seeing registrations. as a res
start first with the impact of sandy. is there one specific automaker that you think will benefit more from the impact of sandy as dealers have to reorder new cars? >> historically, actually trucks do better. they do better because you've got dealers taking care of inventory and you also have people going out that are in the business of basically doing work with trucks and they'll use this as an excuse to get it. you're looking probably at ford and gm on the truck side taking a lot. gm...
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Dec 5, 2012
12/12
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it may have been reduced by 86,000 because of hurricane sandy. but there was a good number today which was the ism data when it comes to the services sector. you can see it was up. there's the adp data. but i want to talk about the services sector which was up a bit more than expected. then what you had, business activity was up, new orders were up, employment was the one thing that was down. i don't know if that's a sandy effect. that could be also, by the way, a fiscal cliff effect. zplint vi >> interviewing secretary geithner later today. what's your first question going to be? >> i want to get his response -- we had the president respond to boehner's proposal but i want to get the secretary's response, too, the specific issue of, hey, the republicans looked like they made a step forward, actually got some accolades in some of the press for agreeing to new revenues. where's the administration's response on that side? are they willing to give? i think that's a key question right now in terms of what the news flow is right now but also there's c
it may have been reduced by 86,000 because of hurricane sandy. but there was a good number today which was the ism data when it comes to the services sector. you can see it was up. there's the adp data. but i want to talk about the services sector which was up a bit more than expected. then what you had, business activity was up, new orders were up, employment was the one thing that was down. i don't know if that's a sandy effect. that could be also, by the way, a fiscal cliff effect. zplint vi...
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Dec 3, 2012
12/12
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CNBC
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particularly because of sandy, shut-in, buy. how about google? google got crushed after reported disappointing quarter. the culprit? people switching from desktop to mobile. as google makes less money on mobile advertisers. nevertheless, google has been coming back as the company is still the sultan of search, a business still growing in high teens. we've seen how quickly facebook was able to adapt to the new mobile advertising environment, once google has seen that new rocketship, i see no reason why google should be any different. especially since google owns android. they need to figure out how to monetize it better. something the company is doing by releasing its own line of smartphones and tablets. google is sold out until after christmas. of the growth stocks, i got to admit i like google less than i did before the bad quarter if you're trying to figure out which of these stocks worries me the most, it's google, it's become a show-me situation. how about visa and master cad? both up decently since i recommended them in october. these are bo
particularly because of sandy, shut-in, buy. how about google? google got crushed after reported disappointing quarter. the culprit? people switching from desktop to mobile. as google makes less money on mobile advertisers. nevertheless, google has been coming back as the company is still the sultan of search, a business still growing in high teens. we've seen how quickly facebook was able to adapt to the new mobile advertising environment, once google has seen that new rocketship, i see no...
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Dec 4, 2012
12/12
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CNBC
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. >> i don't think all it have it will be explainable by superstorm sandy. i think a lot of it is pulling back. you've seen the capital investment. >> we have to move on but i have to push back on one thing. are we talking about two different things? when we got downgraded the market went down hard. more than a trillion in value. >> but the market price. the market came right back and actually went to new highs not that long after that. once the knee jerk reaction was done. the market is being sensitized to it right now. and that's a good thing. >>> two companies that issued special dividends ahead of the fiscal cliff and if you're keeping score at home that's 103 companies thus far this quarter valued at more than $22 billion. so we see this continued parade of companies just coming out and issuing special dividends whether it's by debt, with debt, or cash on the balance sheet. >> the big one there, scott, is costco. last week when costco made the announcement, it was up 5%, almost 7% on the news. oracle moves their dividends up and the stock is flat to dow
. >> i don't think all it have it will be explainable by superstorm sandy. i think a lot of it is pulling back. you've seen the capital investment. >> we have to move on but i have to push back on one thing. are we talking about two different things? when we got downgraded the market went down hard. more than a trillion in value. >> but the market price. the market came right back and actually went to new highs not that long after that. once the knee jerk reaction was done....
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Dec 7, 2012
12/12
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CNBC
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>> well, keep in mind one of the reasons expectations were so low going into this one was hurricane sandy which everyone expected to be a temporary effect. that didn't material az somewhat mi mysteriously and the labor department indicated it had no impact on the number. you're right, this is not good enough. this is a treading water pace of jobs. it is more of the same. it's not particularly good in the quality of jobs being created so net net i think it's okay but certainly not what we'd like to see. >> maybe, tom, it is not that we are a nation of pessimists. it is that we're a nation of realists. maybe sort of from a strk turl long point of view we just have to get used to this. >> that's a great point. 150,000 is not good enough depending on your expectations for growth. if you're looking for 1.5% to 2% growth you are probably in the sweet spot. but if you are looking for something more, looking for 2.5% to 3% growth you need much more job growth to see that outcome. but we're not there. we don't think we'll get there. there's still too many headwind facing the small business segment
>> well, keep in mind one of the reasons expectations were so low going into this one was hurricane sandy which everyone expected to be a temporary effect. that didn't material az somewhat mi mysteriously and the labor department indicated it had no impact on the number. you're right, this is not good enough. this is a treading water pace of jobs. it is more of the same. it's not particularly good in the quality of jobs being created so net net i think it's okay but certainly not what...
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Dec 4, 2012
12/12
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CNBC
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know what's going on in the next couple of months, coupled with the fact we just came off of hurricane sandy, this is not the time to play games and taunt one another with these plans that everybody knows are not real plans. >> i agree, but i think we should look beyond one year's growth. we're talking about growth through 2050. the gentleman pretending to know he knows the growth rate between now and 2050 -- >> he gets paid to make predictions, steve. that's what he's doing. by the way, his former predictions have been right. let's give him that. >> some of them have been right. there was a guy in the 19th century who predicted we were all going to starve as he predicted the proplatiopulation of the world with but forgot to predict the agricultural technology. you can't hold one constant and let the other variable be a variable. >> right now this country is focusing on policies that continue to predistribute from the most productive members to those that may be more favorable. that's his point, that we've continued to lose momentum for the past several decades and continuing to implement th
know what's going on in the next couple of months, coupled with the fact we just came off of hurricane sandy, this is not the time to play games and taunt one another with these plans that everybody knows are not real plans. >> i agree, but i think we should look beyond one year's growth. we're talking about growth through 2050. the gentleman pretending to know he knows the growth rate between now and 2050 -- >> he gets paid to make predictions, steve. that's what he's doing. by the...
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Dec 3, 2012
12/12
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CNBC
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how much is blamed on sandy when it shouldn't? >> everything blamed on sandy. that's going to work for a while. once you dig into the details, wait a minute, this isn't all sandy. because the east coast is a very big part of the -- >> obviously oh, yes. >> the economy. >> everybody who has gone through sandy. >> chicago is a big part, texas, california, they weren't affected directly by sandy. so that will come back much quicker if it's going to come back. that's where you have to look, to see what the trend was beforehand. >> okay. now europe. you know, there was a little bit of a -- a confusion this morning when spain asked for a bailout. they're talking bank bailout, country bailout, new program. rates are down. i've seen many stories, if this is really going to be a positive rates being down, we have to really draw in more global investors. do you think that will happen ultimately? >> ultimately, i do think it will. any time europe gets pushed to the background, i'm kind of pleased. as long as their banking system isn't going to affect ours, i think we can
how much is blamed on sandy when it shouldn't? >> everything blamed on sandy. that's going to work for a while. once you dig into the details, wait a minute, this isn't all sandy. because the east coast is a very big part of the -- >> obviously oh, yes. >> the economy. >> everybody who has gone through sandy. >> chicago is a big part, texas, california, they weren't affected directly by sandy. so that will come back much quicker if it's going to come back. that's...
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Dec 9, 2012
12/12
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MSNBCW
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chris and sandy's twin boys were just entering high school. when this case is heard, they'll be getting ready to graduate from high school. their moms deserve the same freedom to marry just as everyone else has in this country. >> isn't it true when we had this in the court at the appellate forward nobody came forward because nobody could come up with a justification, compelling reason. you raised it. there's no compelling reason against giving the right to people the right to marriage. >> that's exactly right. important to note in both of these cases, the united states government has refused to defend doma, the federal law before this court. when we filed the case in california, as one has to do, we sued the governor at the time, arnold schwarzenegger and our attorney general at the time, jerry brown, the current governor. both responded by refusing to defend the case and ultimately joined our signed the case and said it was fundamentally and unconstitutional law and they weren't going to defend it. the judge in our case. chief judge von walk
chris and sandy's twin boys were just entering high school. when this case is heard, they'll be getting ready to graduate from high school. their moms deserve the same freedom to marry just as everyone else has in this country. >> isn't it true when we had this in the court at the appellate forward nobody came forward because nobody could come up with a justification, compelling reason. you raised it. there's no compelling reason against giving the right to people the right to marriage....
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Dec 8, 2012
12/12
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CNNW
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sunset ♪ ♪ >> danny and sandy together again. teaming up for a new christmas album. and if this music video is any indication, let's just say, it will be one of a kind. and that is the week that was. >> what a week it's been. >>> well, the ceo of netflix is under investigation and it's all because he was bragging on his facebook page, apparently. we'll explain. e district. the writer's desktop and the coordinator's phone are working on a joke with local color. the secure cloud just received a revised intro from the strategist's tablet. and while i make my way into the venue, the candidate will be rehearsing off of his phone. [ candidate ] and thanks to every young face i see out there. [ woman ] his phone is one of his biggest supporters. [ female announcer ] with cisco at the center... working together has never worked so well. maybe you want to incorporate a business. or protect your family with a will or living trust. and you'd like the help of an attorney. at legalzoom a legal plan attorney is available in most states with every personalized document to answer qu
sunset ♪ ♪ >> danny and sandy together again. teaming up for a new christmas album. and if this music video is any indication, let's just say, it will be one of a kind. and that is the week that was. >> what a week it's been. >>> well, the ceo of netflix is under investigation and it's all because he was bragging on his facebook page, apparently. we'll explain. e district. the writer's desktop and the coordinator's phone are working on a joke with local color. the...
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what are they celebrating, remember that they have not fallen to level that prevailed before hurricane sandy. what is more, there are few if any indications they will get that that neck of t woods any time soon. big layoffs at citigroup, what is that 11,000? lingering fallout from thousands of jobs lost at hostess. all i'm saying is, when you look at this news, and it still interpreted as good, only make me thing, that mainstream media is stillushing for the president or democrats. well, the guy got reelected. you don't have to pretend any more, it upsets me, tye young, what do you make of this. >> neil thank you, we have wall street ling people off, main street laying people off, market flat lining up and down one week to the next. just like it was before it crashed in 28, unemploymt number 7 .9% that is very high, real unemployment maybe is almost 17%, and the washington post tells us that ignore it because of hurricane sandy, that is ridiculous. my clients are business owners, they tell me that the cost of living and cost of doing business is going up, t availabilityf business loans is no
what are they celebrating, remember that they have not fallen to level that prevailed before hurricane sandy. what is more, there are few if any indications they will get that that neck of t woods any time soon. big layoffs at citigroup, what is that 11,000? lingering fallout from thousands of jobs lost at hostess. all i'm saying is, when you look at this news, and it still interpreted as good, only make me thing, that mainstream media is stillushing for the president or democrats. well, the...
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Dec 3, 2012
12/12
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some of that is attribute knowledge to superstorm sandy. an estimated quarter million vex were destroyed. those numbers will be out this morning. it would only say that it is speaking to, quote, interested parties. but delta air lines is involved in those sdgzs. virgin is the second largest airline at heath row. >>> and lenny dykstra will be sentenced today. he was found to have hidden and stole sports memorabilia other items that were supposed to be part of a bankruptcy filing. >>> the game of political chicken, we were looking to rise above the partisan politics and trying to get something done. david walker, ceo of the america comeback initiative, steve mcmahon, co-founder of purple strategies, you guys have been on for a while and we've talked about a lot of things. steve, just 1:30 ag ago, you made a point talking about the bush tax cuts. and i said the tax cuts have been near and dear and you said at least bush was smart enough to know that we couldn't afford them so they were sunseted. >> so they were sunseted. >> that may happen. in
some of that is attribute knowledge to superstorm sandy. an estimated quarter million vex were destroyed. those numbers will be out this morning. it would only say that it is speaking to, quote, interested parties. but delta air lines is involved in those sdgzs. virgin is the second largest airline at heath row. >>> and lenny dykstra will be sentenced today. he was found to have hidden and stole sports memorabilia other items that were supposed to be part of a bankruptcy filing....
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Dec 6, 2012
12/12
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CNBC
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jobless claims coming in, down and this number should be essentially clean of sandy effects, so finally a clean read as to the claims aspect. but it doesn't look like, jim, that we are set for a lower open today. >> carl pointed out that maybe there's some room between sides. but, look, yesterday was one of those days, show a lot of americans don't even know about the fiscal cliff. paychecks are going to go down, a million layoffs in the defense industry. no one seems to care right now. it's bad. >> you know what we have going for us? the grid, december 17 announced -- on a seasonal basis, they have reiterated once again that it doesn't have the demand to be sold year round, but starting a week from monday. >> i don't buy that. i think they do it because whenever they have mcrib, they're just fighting traffic for mcrib. there are places in the world where the mcrib is on the menu all the time. in case you're there on your vacation. >> i'm learning here all the time. i'm always learning. >> switch from the bacon cheese-inator. [ bell rings ] . >> celebrating the ground breaking of hotels
jobless claims coming in, down and this number should be essentially clean of sandy effects, so finally a clean read as to the claims aspect. but it doesn't look like, jim, that we are set for a lower open today. >> carl pointed out that maybe there's some room between sides. but, look, yesterday was one of those days, show a lot of americans don't even know about the fiscal cliff. paychecks are going to go down, a million layoffs in the defense industry. no one seems to care right now....
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Dec 8, 2012
12/12
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also while sandy cost the economy 10s of billions of dollars. the construction agency is announcing a bump in business as folks begin to rebuild what they lost. rick lesson thowl in the hard hit new york city borough of staten island live for us there tonight. hey, rick. >> hi, shepard. sandy's silver lining repairing damaged homes requires materials like lumber and sheetrock and wiring and real pairing those requires skilled labor. >> before hurricane sandy, anthony had to lay off two workers and was about to lay off more. now this electrical contractor is hiring with more business than he can handle. >> people want their work done right away. we are working to get that done for them. >> i'm a firm believer of taking the work while it's there. so i really don't pass up too much. if we have to work saturdays and sundays we will. >> many in the northeast were hit hard by the storm including descrawnts and retrailers. the construction agency was booming. landscapers, carpenters all seeing big demand. economists caution it's a short-term boost. >>
also while sandy cost the economy 10s of billions of dollars. the construction agency is announcing a bump in business as folks begin to rebuild what they lost. rick lesson thowl in the hard hit new york city borough of staten island live for us there tonight. hey, rick. >> hi, shepard. sandy's silver lining repairing damaged homes requires materials like lumber and sheetrock and wiring and real pairing those requires skilled labor. >> before hurricane sandy, anthony had to lay off...
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Dec 8, 2012
12/12
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FOXNEWSW
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finding space for the thousands of volunteers who stepped up in the aftermath of superstorm sandy has proven to be a tall order. that's where this ship comes in, the ss wright. it is now home away from home for a couple hundred volunteers from the american red cross and fema core. they are staying together and eating together and playing games and watching sports together, yet it is in patriotic living quarters. and they are manning the 27 disaster recovery centers set up in the tri-state area. many are young and even just right out of high school. it is an interesting dynamic as many of the red cross volunteers are older. retired health care workers. it can be trying. being around storm victims and devastation at times is emotionally exhausting. >> the hardest part for me that i am not able to give them immediate assistance. you have to sign up at first. you have to wait. you have to go through the process. you have to get evaluated and awful that stuff. it is different from the red cross where if you need a lunch they give uh lunch. >> and the living quarters are less than luxurious
finding space for the thousands of volunteers who stepped up in the aftermath of superstorm sandy has proven to be a tall order. that's where this ship comes in, the ss wright. it is now home away from home for a couple hundred volunteers from the american red cross and fema core. they are staying together and eating together and playing games and watching sports together, yet it is in patriotic living quarters. and they are manning the 27 disaster recovery centers set up in the tri-state area....
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Dec 9, 2012
12/12
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FOXNEWSW
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for new victims of hurricane sandy this is their home. the government ships usually dedicated to the marine corps is docked on staten island and for now red cross workers and americorps members are calling it home. anna koyman served the ship. >> with all of those people the question becomes where do you put them? >> the core volunteers are living in an unconventional place. on board the ship the ss right. >>> not only helping people but it is an adventure. >> volunteers have been assisting super storm sandy victims. volunteers are serving 27 disaster recovery still set up in the tri-state area. >> they are the first people they see when they come off the street. >> the volunteers are building relationships with the storm's survivors. >> you eat together, you sleep together, work together. >> it can be mentally exhausting. >> not only do you work with people in the shelter but we work with the volunteers. >> the living quarters are less than luxurious. >> i didn't know i was going to sleep in a coffin. >> wherever i am assigned. >> even i
for new victims of hurricane sandy this is their home. the government ships usually dedicated to the marine corps is docked on staten island and for now red cross workers and americorps members are calling it home. anna koyman served the ship. >> with all of those people the question becomes where do you put them? >> the core volunteers are living in an unconventional place. on board the ship the ss right. >>> not only helping people but it is an adventure. >>...
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Dec 7, 2012
12/12
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MSNBCW
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talking about sandy, there seems to be a lack of sandy effect as some had thought initially. we see a pullback, a little less than half of a percent. we have positive indications there that says the job market is doing better, too. what's your thought here? what drove this unexpected gain in jobs, basically double what some consensus numbers were? >> i think part of it is the data in which it was collected. we had an early thanksgiving so seasonal hiring for the holidays offset the superstorm sandy. in addition, i think -- and where i would differ from jared just a little bit and we rarely do -- the underlying economy is consideri considerably stronger. if you take into account the number of baby boomers that are retiring, that has not been talked about and does effect the labor force participation rate. the broadest measure of unemployment, the unemployed and those who left the workforce fell to 14.7%. so i think things are getting better. what i'm most afraid of is the type of talk we heard from speaker boehner and maxine waters. they are taking us to the cliff on both side
talking about sandy, there seems to be a lack of sandy effect as some had thought initially. we see a pullback, a little less than half of a percent. we have positive indications there that says the job market is doing better, too. what's your thought here? what drove this unexpected gain in jobs, basically double what some consensus numbers were? >> i think part of it is the data in which it was collected. we had an early thanksgiving so seasonal hiring for the holidays offset the...
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Dec 2, 2012
12/12
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FOXNEWSW
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and part of that is due to sandy. there were $18 billion in lost wages and salaries from sandy. it really hit, although it didn't hit the nation, it will have an impact on g.d.p. and on unemployment. in october, we also saw that there was a decrease in purchases, adjusted for inflation, the biggest in three months. so, there was a definite stoppage, this was a populated area with an impact. >> when do we expect the numbers will come back? >>guest: there is one positive impact in terms of the economy. you have workers, construction workers coming from all over the country who have been unemployed to help rebuild and we are expecting there could be a half percentage point increase in economic growth next year because of this rebuilding effort. >>heather: is that construction jobs or over all? >>guest: in the reconstruction, rebuilding and infrastructure. this is not the way that we want economic growth but there is one side where people are getting jobs who did not have them before. >>heather: and another increase in auto sales? >>guest: so many of the cars were flooded out and th
and part of that is due to sandy. there were $18 billion in lost wages and salaries from sandy. it really hit, although it didn't hit the nation, it will have an impact on g.d.p. and on unemployment. in october, we also saw that there was a decrease in purchases, adjusted for inflation, the biggest in three months. so, there was a definite stoppage, this was a populated area with an impact. >> when do we expect the numbers will come back? >>guest: there is one positive impact in...
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Dec 8, 2012
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for more than 60 billion dollars to help east coast states recover from the devastation of superstorm sandy. while lawmakers in new york and new jersey call it a good start. they add, it won't cover everything. peter doocy live with details. >> kelly, new york governor. rather new jersey governor chris christie and andrew cuomo initially asked washington for about 79 billion dollars to rebuild their states and they are now thanking the president for his 60.4 billion dollars commitment and the white house wrote a letter to congress yesterday that says these are funds necessary to finance a needed recovery effort and to help the the region prepare for future challenges, including future severe storms and coastal flooding, swells impacts associated with a changing climate. but, amid the debt debate in d.c., there are questions how easy it will be to get congress to write such a big check and speaker boehner's spokesman says we will review it and al rogers says it's up to congress to help those hurt by sandy, but also our responsibility during these tight budget times to make sure that the vict
for more than 60 billion dollars to help east coast states recover from the devastation of superstorm sandy. while lawmakers in new york and new jersey call it a good start. they add, it won't cover everything. peter doocy live with details. >> kelly, new york governor. rather new jersey governor chris christie and andrew cuomo initially asked washington for about 79 billion dollars to rebuild their states and they are now thanking the president for his 60.4 billion dollars commitment and...
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Dec 7, 2012
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everybody suggested that sandy would have a significant impact. but the labor department itself is saying no, it did not. is that correct, peter? >> that's correct. and it's because of the way the labor department retrieves and asks businesses and people about their employment. for example, if you work for one hour during a week and there is a storm, you're still counted as employed. for you not to be counted as employed, you can work no hours and get no pay during the particular survey week. >> you've had a chance to go through the whole report. any other headlines stand out at you? >> well, we're substantially revisions in september and october. 50,000 fewer jobs created in those two months than had previously been expected and the labor department does say that we should get a better read of any possible impact of sandy on individual states and regions when they release other numbers, other reports on those in two weeks from now. >> peter barns, thank you very much. i will repeat this because it is a surprise, 7.7% is the unemployment rate. 146
everybody suggested that sandy would have a significant impact. but the labor department itself is saying no, it did not. is that correct, peter? >> that's correct. and it's because of the way the labor department retrieves and asks businesses and people about their employment. for example, if you work for one hour during a week and there is a storm, you're still counted as employed. for you not to be counted as employed, you can work no hours and get no pay during the particular survey...
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Dec 6, 2012
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i've talked to some experts who say sandy, the sandy effect on the jobs is somewhere between 80 and 100,000 jobs in the month of november. so whatever it is you can blame sandy for what 80 to a hundred. add that to whatever the number is and it maybe should be what the number should have been. we are taking a deep dive into understanding the american electorate. it could spell a lot of trouble for republicans going forward. our fiscal cliff-mas gift today alan smith gets down gangnam style. what the senator is saying about the video that's gone viral watching the daily rundown only on msnbc. u see this? oh, let me guess -- more washington gridlock. no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. ♪ ♪ [ male announcer ] everyone deserve
i've talked to some experts who say sandy, the sandy effect on the jobs is somewhere between 80 and 100,000 jobs in the month of november. so whatever it is you can blame sandy for what 80 to a hundred. add that to whatever the number is and it maybe should be what the number should have been. we are taking a deep dive into understanding the american electorate. it could spell a lot of trouble for republicans going forward. our fiscal cliff-mas gift today alan smith gets down gangnam style....
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missouri businessman is posing as a secret santa giving away $100,000 in hundred dollar bills to hurricane sandy survivors. this generosity is matched only his humility. he insists on remaiing anonymous and not being photographed all. here is a clue. he and his security entourage have been spotted with red caps watch with the word. [indiscernible] we all love hundred dollar bills, but not everyone feels the same way about the dollar bill. a new report arguing we should get rid of the dollar bill and replace it with a heavier, but longer lasting dollar oin. why? they say because doing so would save us about $146 million per year. if we want to wage a war on currency, maybehey should think about getting rid of the penny. by some estimates it would save the $60 million per year. it costs to and a half cents to make every penny. now, that is a government at work. two and half cents for every penny. president obama planning to meet with governors next week as part of his effort to talk with people about avoiding the fiscal cliff. members of the national governors' association executive committee meet
missouri businessman is posing as a secret santa giving away $100,000 in hundred dollar bills to hurricane sandy survivors. this generosity is matched only his humility. he insists on remaiing anonymous and not being photographed all. here is a clue. he and his security entourage have been spotted with red caps watch with the word. [indiscernible] we all love hundred dollar bills, but not everyone feels the same way about the dollar bill. a new report arguing we should get rid of the dollar...
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Dec 4, 2012
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residentses in the northeast are still left with no place to call home in the wake of the superstorm sandy. mr. president, where is all that help you promised? [ fishing rod casting line, marching band playing ] [ male announcer ] the rhythm of life. [ whistle blowing ] where do you hear that beat? campbell's healthy request soup lets you hear it... in your heart. [ basketball bouncing ] heart healthy. great taste. mmm... [ male announcer ] sounds good. it's amazing what soup can do. [ engine revs ] ♪ ♪ [ male announcer ] the mercedes-benz winter event is back, with the perfect vehicle that's just right for you, no matter which list you're on. [ santa ] ho, ho, ho, ho! [ male announcer ] lease a 2013 c250 for $349 a month at your local mercedes-benz dealer. i took my son fishing every year. we had a great spot, not easy to find, but worth it. but with copd making it hard to breathe, i thought those days might be over. so my doctor prescribed symbicort. it helps significantly improve my lung function starting within five minutes. symbicort doesn't replace a rescue inhaler for sudden sym
residentses in the northeast are still left with no place to call home in the wake of the superstorm sandy. mr. president, where is all that help you promised? [ fishing rod casting line, marching band playing ] [ male announcer ] the rhythm of life. [ whistle blowing ] where do you hear that beat? campbell's healthy request soup lets you hear it... in your heart. [ basketball bouncing ] heart healthy. great taste. mmm... [ male announcer ] sounds good. it's amazing what soup can do. [ engine...
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Dec 5, 2012
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superstorm sandy swept away their homes. now they are demanding action to protect against this kind of damage in the feature. [ male announcer ] where do you turn for legal matters? maybe you want to incorporate a business. orrotect your family with a will or living trust. and you'd like the help of an attorney. at legalzoom a legal plan attorney is available in most states with every personalized document to answer questions. get started at legalzoom.com today. and now you're protected. hi, i'm ensure clear... clear, huh? i'm not juice or fancy water. i've gotine grams of protein. that's three times more than me! [ female announcer ] ensure clear. nine grams protein. zero fat. in blueberry/pomegranate and peach. is efficiently absorbed in small continuous amounts. citracal slow release continuously releases calcium plus d with efficient absorption in one daily dose. citracal slow release. megyn: as thousands in new york and new jersey struggle to rebuild their lives. residents in one hard-hit community want the government t
superstorm sandy swept away their homes. now they are demanding action to protect against this kind of damage in the feature. [ male announcer ] where do you turn for legal matters? maybe you want to incorporate a business. orrotect your family with a will or living trust. and you'd like the help of an attorney. at legalzoom a legal plan attorney is available in most states with every personalized document to answer questions. get started at legalzoom.com today. and now you're protected. hi,...
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Dec 8, 2012
12/12
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super storm sandy, a number of labor disputes and layoffs. the fiscal cliff. we were expecting the unemployment number to go up from 7.9 to 8%. it went down to 7.7. a number of economists thought we'd create 77,000. we created 146,000. before you opine on the report how reliable do you feel the report was? >> well, first of all i think it's important to know there were downward revisions to the previous two months which makes the trend not as good. anywhere 150,000 is not considered significant in the report. you are not capturing because it doesn't fall into the significant range. the survey was taken early in the month. a week earlier than the establishment survey. the household survey on november 5. it caused insult to injury and more people out of work cancelled flights. it wasn't captured in the unemployment survey. i think they say it didn't affect it but a number of people were affected by the storm conditions. 350,000 couldn't get to work because of weather conditions. >> assume we get over the issues, avoid the cliff. we're still looking at growth in
super storm sandy, a number of labor disputes and layoffs. the fiscal cliff. we were expecting the unemployment number to go up from 7.9 to 8%. it went down to 7.7. a number of economists thought we'd create 77,000. we created 146,000. before you opine on the report how reliable do you feel the report was? >> well, first of all i think it's important to know there were downward revisions to the previous two months which makes the trend not as good. anywhere 150,000 is not considered...
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mean cuomo still does not ge washington to give up some bank. 42 needed millions dollars for hurricane sandy relief. similar requests likely coming from governors in new jersey and connecttcut. who all together want this all too dumbing figure in post hurricane help, a hundred billion bucks, i don't know if they get all of it, but i think they get most, here is why americans, have big hearts, folks need help. they need a lot, many still without power, and without homes and without patience or hope, something needs to be done. judging from t back slapping help politicians, the governmt is still the one to do it but is it? think about it. if the road to virtue were paved with billion dollar bills then everyone in washington would be thpope, news flash, they are not, they are not good as getting bang for their buck. think of all those gas taxes that were to pay for those bridges, or tolls of no bridges to payor fixing those bridges, and highways. think about that social security lockbox. no box, no lock. and millions in lottery ticket to go to education to make our kids smarter, today, sadly, t
mean cuomo still does not ge washington to give up some bank. 42 needed millions dollars for hurricane sandy relief. similar requests likely coming from governors in new jersey and connecttcut. who all together want this all too dumbing figure in post hurricane help, a hundred billion bucks, i don't know if they get all of it, but i think they get most, here is why americans, have big hearts, folks need help. they need a lot, many still without power, and without homes and without patience or...
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Dec 4, 2012
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residentses in the northeast are still left with no place to call home in the wake of the superstorm sandy. mr. president, where is all that help you promised? you won't take my life. you won't take our future. aids affects us all. even babies. chevron is working to stop mother-to-child transmission. our employees and their families are part of the fight. and we're winning. at chevron nigeria, we haven't had a reported case in 12ears. aids is strong. aids is strong. but we are stronger. and aids... ♪ aids is going to lose. aids is going to lose. ♪ ♪ you can stay in and like something... ♪ [ car alarm deactivates ] ♪ ...or you can get out there with your family and actual like something. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. like say, gas station sushi. cheap is good. and sushi, good. but cheap sushi, not so good. it's like that super-low rate on not enough car insurance. pretty sketchy. ♪ and then there are the good decisions. like esurance. their coverage counselor tool helps you c
residentses in the northeast are still left with no place to call home in the wake of the superstorm sandy. mr. president, where is all that help you promised? you won't take my life. you won't take our future. aids affects us all. even babies. chevron is working to stop mother-to-child transmission. our employees and their families are part of the fight. and we're winning. at chevron nigeria, we haven't had a reported case in 12ears. aids is strong. aids is strong. but we are stronger. and...
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Dec 3, 2012
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new numbers show who is getting the highest marks for handling the sandy storm damage and mayor booker puts his stamp on a big devat. first the white house stressed again it would not accept the use of any chemical weapons in s syria. secretary of state hillary clinton called it a red line for the united states. >> i'm not going to telegraph what we would do that the regime has resorted to using chemical weapons but we are certainly planning to take action if that is a very strong warning to the assad regime that their behavior is reprehensible. >> clinton did not say if the u.s. had any new evidence to suggest they are planning to use a stockpile of missiles they are believed to have. watts told politico the defeat is evidence that their party needs to broaden its appeal to minority voters. priebus has announced he is seeking a second term. party insiders say out of the 168 votes from members who get to pick, he has 130 of those locked up publicly. nbc news has learned president obama will ask the dnc to approve keeping debbie wasserman schultz as chair. the fact the president carries
new numbers show who is getting the highest marks for handling the sandy storm damage and mayor booker puts his stamp on a big devat. first the white house stressed again it would not accept the use of any chemical weapons in s syria. secretary of state hillary clinton called it a red line for the united states. >> i'm not going to telegraph what we would do that the regime has resorted to using chemical weapons but we are certainly planning to take action if that is a very strong warning...
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Dec 8, 2012
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president obama asking congress for $60 billion for recover efforts following superstorm sandy. hard hit states asked for more than $80 billion. the october storm devastated much of the northeast. federal aid would go to victims and rebuilding projects. it's unclear if congress already in negotiations over how to balance the budget, will approve funding before breaking for the year. >>> secretary of state hillary y clinton has agreed to testify before the senate foreign relations committee about the benghazi attacks. september 11th all the on the u.s. consulate in libya left ambassador chris stephens and three others dead. clinton will testify before the 130th congress sometime in january. she's also agreed to testify before the house foreign affairs committee. i'm li elizabeth pren in new yo. for all the headlines, log onto foxnews.com. >>> a warning that some of our nation's biggest companies may be hoodwinking you, the taxpayers. major companies like gm taking advantage of all kinds of incentives and tax breaks from local and state governments, but are the communities, meanin
president obama asking congress for $60 billion for recover efforts following superstorm sandy. hard hit states asked for more than $80 billion. the october storm devastated much of the northeast. federal aid would go to victims and rebuilding projects. it's unclear if congress already in negotiations over how to balance the budget, will approve funding before breaking for the year. >>> secretary of state hillary y clinton has agreed to testify before the senate foreign relations...
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Dec 8, 2012
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from hurricane sandy scenario. >> great. so, this is going to help a lot of affected individuals. so if you want information where you can go to do this, go to pay off layaways,.org and make the donations to help out folks needy. and rs schmidt the board meet for that southeast athletic club. thanks for your work, that's great. >> thanks for the opportunity. >> up next, sandy was no match for this house and how did it vanish? >> she said to me, are you sure your house is gone. >> i said, miss, you misplace your pen and pencil, you don't misplace a house. >> that guy is walking down the hall. he's here to share his story with us. why is it that the most impressive technology often comes with a set of equally impressive instructions ? shouldn't something that's truly advanced, not need much explanation at all ? with the nokia lumia 822 on verizon, there's not much to learn because it's powered by windows... to let you do more than you ever imagined on your smartphone. exclusively with data sense-- a feature that makes the most
from hurricane sandy scenario. >> great. so, this is going to help a lot of affected individuals. so if you want information where you can go to do this, go to pay off layaways,.org and make the donations to help out folks needy. and rs schmidt the board meet for that southeast athletic club. thanks for your work, that's great. >> thanks for the opportunity. >> up next, sandy was no match for this house and how did it vanish? >> she said to me, are you sure your house is...
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Dec 9, 2012
12/12
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sandy hit, you have this enormous cost associated with it. he goes as governor and says i'm going to partner with the federal government to address the needs of my people in a disaster. well, hello, governor. health care is also a disaster. >> for two years in the two-year time frame, three years that the states have had to review implementing the health insurance exchanges, there's been plenty of time to put that information together. after all, there are plenty of states that have done that. i think what has happened, this becomes another way to litigate the affordable care act only the parties are already done. and the american people are done. >> ship is sailing. >> right. >> i think you know, if the president waited two years to implement sandy relief, governor christie would be really annoyed. he needs to get on with it. 100%, i think, of the cost of the medicaid expansion is borne by the federal government. >>eer going to come to this issue of medicaid on this issue. we'll bring you back and kenji we'll talk about this when we come bab
sandy hit, you have this enormous cost associated with it. he goes as governor and says i'm going to partner with the federal government to address the needs of my people in a disaster. well, hello, governor. health care is also a disaster. >> for two years in the two-year time frame, three years that the states have had to review implementing the health insurance exchanges, there's been plenty of time to put that information together. after all, there are plenty of states that have done...
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Dec 9, 2012
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kids go on and write a letter to sandy. when hurricane sandy hit, i was here. >> alisyn: and you have pictures that children draw, and hope the viewers can see them. and vie what this picture is, you see the stick figures and you see what? >> this is the kid being rescued. this is a fire engine and the kids and family being rescued. >> clayton: and you asked the kid-- you had another one, with a tree. >> a tree falling and e-mailed the picture. these are pictures from hoboken from kids at the center since they have no internet and still don't. >> this is interesting, because people had to deal with fraud and all sorts of things, but you go to the website and how do you make sure that the toys you're able to give out go to the kids that need it. >> we vet their addresses and where they were during the storm. since most aren't where they were, because they're all displaced, we have them give us an address to ship to during the last week in december, third week in december and amazon ships directly to them and so we maintain t
kids go on and write a letter to sandy. when hurricane sandy hit, i was here. >> alisyn: and you have pictures that children draw, and hope the viewers can see them. and vie what this picture is, you see the stick figures and you see what? >> this is the kid being rescued. this is a fire engine and the kids and family being rescued. >> clayton: and you asked the kid-- you had another one, with a tree. >> a tree falling and e-mailed the picture. these are pictures from...
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however, clearly that was affected by the big storm, sa y sandy. should have been much higher and will have been much higher when the full effects are wiped away. no impact on the stock market that i could see. the dow industrials are going to probably open right around that 1 13,12950. the opening trend is down, but not much in the opening seconds. now down 2 points. not much movement. however, i've got to tell you about facebook, following very, very closely. facebook is going to join the nasdaq 100 index. it will join one week from today. nicole, you're on the floor, normally that pushes the stock price way up and yes, it's up today. >> yes, i'm going to say that we'll take it with a grain of salt no. a couple of things to note. going into the nasdaq 100, going into facebook and infosys leaving the nasdaq and going to n ych nyse. and they listed at the exchange, one of the perks, too, it's nonfinancial firms and a big one, facebook is 30 billion. another thing to note here, it's usually the s&p 500, stuart, that will really give shares a boost b
however, clearly that was affected by the big storm, sa y sandy. should have been much higher and will have been much higher when the full effects are wiped away. no impact on the stock market that i could see. the dow industrials are going to probably open right around that 1 13,12950. the opening trend is down, but not much in the opening seconds. now down 2 points. not much movement. however, i've got to tell you about facebook, following very, very closely. facebook is going to join the...
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Dec 4, 2012
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about the hardship people in the new york area are facing from the ongoing devastation of hurricane sandy. a good way to help is a group in staten island. the website for that group is dratlasfoundation.com. the address is dr. theodore atlas foundation, 543 cary avenue, staten island, but you can get it through the website, dratlasfoundation. they are doing great work. they're helping kids of these families get through the holidays, helping in all the ways the government doesn't and needs the help to fill in the cracks. there are other good causes out there this year. this one is a special one right now. we'll be right back. my name is marjorie reyes, and i'm a chief warrant officer. i love the fact that quicken loans provides va loans. quicken loans understood the details and guided me through every step of the process. i know wherever the military sends me, i can depend on quicken loans. cool, you found it. wow. nice place. yeah. [ chuckles ] the family thinks i'm out shipping these. smooth move. you used priority mail flat-rate boxes. if it fits, it ships for a low, flat rate. paid for
about the hardship people in the new york area are facing from the ongoing devastation of hurricane sandy. a good way to help is a group in staten island. the website for that group is dratlasfoundation.com. the address is dr. theodore atlas foundation, 543 cary avenue, staten island, but you can get it through the website, dratlasfoundation. they are doing great work. they're helping kids of these families get through the holidays, helping in all the ways the government doesn't and needs the...
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Dec 4, 2012
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mississippi, the same answer and new jersey you have to think a little bit of the sandy effect. now as you can see showing those percentages here, big jumps. alaska was the biggest jump of all places and thousand this is where i want to bring in david wasserman of the cook political report. this is my favorite thing here, david. take us through what is unique about mitt romney and paul ryan that no other losing presidential ticket pulled off. >> chuck, this may be the only ticket in history both candidates have not only lost their home states but their home counties and home towns. chuck, that's remarkable. >> massachusetts, wisconsin, middlesex county, belmont, massachusetts. i guess that's what you end up having with two blue state guys running on the republican ticket. some conservatives say it doesn't matter if you get blue state guys. doesn't seem to pull off swing voters. we move on to a couple of other things here and this is something you have started doing. trying to break up the cultural differences between the two parties. counties where there are cracker barrel and w
mississippi, the same answer and new jersey you have to think a little bit of the sandy effect. now as you can see showing those percentages here, big jumps. alaska was the biggest jump of all places and thousand this is where i want to bring in david wasserman of the cook political report. this is my favorite thing here, david. take us through what is unique about mitt romney and paul ryan that no other losing presidential ticket pulled off. >> chuck, this may be the only ticket in...
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Dec 7, 2012
12/12
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what's special about this jobs report is the survey was being taken at the same time hurricane sandy hit. transportation was blocked. power was out for a big swath of the country. factories had to stop producing. the economy particularly in the northeast was a mess. there was no way to survey it well. that, the economists say is why their expectations are so low for tomorrow. the good news is the hurricane's affects are reversing and quickly. the number of people filing new claims for unemployment benefits rocketed in the week of the hurricane. last week fell just as rapidly. we will eventually know what happened to the labor market in november. but as my "washington post" colleague neil irwin writes, probably not until december 21st or so when the state by state jobs numbers come out, that we can filter out the states hit by the hurricane and see what's going on in states where the economy was relatively normal. done. whatever the number is -- time to spare. whatever the number is tomorrow, don't freak out, don't worry about it. at least not yet. to come home for the holidays. that'
what's special about this jobs report is the survey was being taken at the same time hurricane sandy hit. transportation was blocked. power was out for a big swath of the country. factories had to stop producing. the economy particularly in the northeast was a mess. there was no way to survey it well. that, the economists say is why their expectations are so low for tomorrow. the good news is the hurricane's affects are reversing and quickly. the number of people filing new claims for...
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Dec 8, 2012
12/12
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this to look forward to. ♪ i got a little plan to you ♪ let's do a little dance we do ♪ >> danny and sandy together again, teaming up for a new christmas album, a firsthand this music video is any indication, let's just say it will be one of a kind. and that's the week that was. >>> when traveling to other cities and countries, the best way to get a real taste of the place is, of course, through the local food. cnn's i-report has now teamed up with "travel & leisure" magazine to create a global list of 100 places to eat like a local. >> reporter: i'm dan rivers in bangkok, and when i want to eat local on a rainy afternoon, there's nothing better than wong lee. they do amazing seafood here. fancy eating that. and rice, what else would you suggest? do you have any prawns? my favorite dish is the crispy pork. how do you get the pork so crispy? >> leave it one hour and then we clean with water and then make it dry first and then fry in many oil. this soup here very famous. >> yeah, lemon grass and mushroom and lemon. >> mm-hmm. >> and a little bit of milk. >> and it's quite spicy as well. >> s
this to look forward to. ♪ i got a little plan to you ♪ let's do a little dance we do ♪ >> danny and sandy together again, teaming up for a new christmas album, a firsthand this music video is any indication, let's just say it will be one of a kind. and that's the week that was. >>> when traveling to other cities and countries, the best way to get a real taste of the place is, of course, through the local food. cnn's i-report has now teamed up with "travel &...